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Cable Update (GBPUSD)
- #348,883
- Oct 14, 2013 10:26pm Oct 14, 2013 10:26pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #348,884
- Edited 10:40pm Oct 14, 2013 10:28pm | Edited 10:40pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #348,887
- Oct 14, 2013 11:02pm Oct 14, 2013 11:02pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
GU 4H
Two tech plays 
G/L
Two tech plays
- Rising wedge forming needs a break of 1,6xxxx forecast to 1.608xx (66% high probability)
- Symmetrical triangle break in either direction depends on the strength of the break out Fundamental data due to aid with the break
forecast to last TP of the triangle depending on which way it goes.
G/L
- #348,891
- Oct 15, 2013 12:37am Oct 15, 2013 12:37am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
what if the movement of the G / U like this until the night? ......... if anyone can give a comment? {image}
The symmetrical triangle being formed by the month old rising TL and the shorter term descending TL will validate your forecast. (in Green)
(I also posted a "rising wedge"this may do it as well)
The bear view is the descending TL is very reactive & bear flag is Possible or descending channel is forming (Intraday targets in between the grey lines)
G/L
- #348,892
- Oct 15, 2013 12:41am Oct 15, 2013 12:41am
{quote} Hello sepuluh The symmetrical triangle being formed by the month old rising TL and the shorter term descending TL will validate your forecast. (in Green) (I also posted a "rising wedge"this may do it as well) The bear view is the descending TL is very reactive & bear flag is Possible or descending channel is forming (Intraday targets in between the grey lines)
mmmhhh .....
interesting analysis ....
so do you think this even touch 4 times
still G / U will be down until later tonight?
- #348,894
- Oct 15, 2013 12:52am Oct 15, 2013 12:52am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} mmmhhh ..... interesting analysis .... so do you think this even touch 4 times still G / U will be down until later tonight?
- Direction is presently unclear
- Markets is nervous
- Dollar is under pressure
- US default in 4 days
- UK data is starting to miss expectations
Most dollar pairs are going to be very difficult to forecast so:
- The data in a couple of hours is going to drive direction & until we know it, no safe trades and volatility will be low
We are below 1.6 which is psychologically important and the descending TL is receiving a lot of respect that might be significant
However we are data driven for now
- #348,898
- Oct 15, 2013 3:54am Oct 15, 2013 3:54am
- Joined Feb 2012 | Status: Trader | 5,619 Posts
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
